Question

Explain the market and individual demand schedule in economics

Answer 1

Market demand schedule refers to a tabular statement showing various quantities of a commodity that all the consumers are willing to buy at various levels of price, during a given period of time. It is the sum of all individual demand schedules at each and every price.

Answer 2

♥ Market demand schedule refers to a tabular statement showing various quantities of a commodity that all the consumers are willing to buy at various levels of price , during a given period of time .

♥ Individual demand schedule refers to a tabular statement showing variously quantities of commodity that a consumer is willing to buy at various levels of price , during a given period of time .